2018 U.S.-Booked Air
Volume: $85 million
Time Warner's U.S.-booked air volume dropped $9 million in
2018, according to a BTN estimate. AT&T acquired the entertainment and
media conglomerate in June 2018, and it now operates as Warnermedia. According
to AT&T’s 2018 annual report, Warnermedia revenue grew from $31.7 billion
in 2017 to $33.5 billion in 2018. A year after acquiring Time Warner, AT&T
sold 30 Hudson Yards to Related Cos. For $2.2 billion on June 14, 2019, to help
pay off debt, including that related to the $85 billion acquisition of Time
Warner. Warnermedia will lease back the 1.5 million square feet of office space
through early 2034.